Can I retire at age 55 with 726,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$59,952$59,418$58,897$58,389$57,892$56,129
2 years$29,679$29,127$28,591$28,072$27,568$25,806
3 years$19,590$19,035$18,500$17,986$17,490$15,786
4 years$14,546$13,992$13,463$12,958$12,474$10,840
5 years$11,520$10,970$10,448$9,953$9,483$7,923
6 years$9,504$8,958$8,444$7,959$7,503$6,020
7 years$8,064$7,523$7,017$6,544$6,102$4,695
8 years$6,985$6,449$5,951$5,489$5,062$3,730
9 years$6,146$5,615$5,125$4,676$4,263$3,005
10 years$5,475$4,949$4,468$4,031$3,632$2,446
11 years$4,927$4,406$3,934$3,508$3,124$2,007
12 years$4,470$3,954$3,491$3,077$2,707$1,658
13 years$4,084$3,574$3,119$2,716$2,361$1,376
14 years$3,753$3,248$2,803$2,411$2,069$1,147
15 years$3,467$2,967$2,530$2,150$1,822$960
16 years$3,216$2,723$2,294$1,925$1,610$805
17 years$2,996$2,507$2,088$1,730$1,428$677
18 years$2,800$2,317$1,906$1,559$1,270$570
19 years$2,625$2,147$1,745$1,409$1,132$481
20 years$2,467$1,995$1,601$1,276$1,011$407
21 years$2,325$1,859$1,473$1,158$905$344
22 years$2,196$1,735$1,357$1,053$811$291
23 years$2,078$1,623$1,253$959$728$247
24 years$1,971$1,520$1,159$875$654$209
25 years$1,872$1,427$1,074$799$589$177
26 years$1,781$1,341$996$730$530$151
27 years$1,696$1,262$925$668$478$128
28 years$1,618$1,189$859$612$431$109
29 years$1,545$1,122$800$562$390$92
30 years$1,478$1,059$745$515$352$78
31 years$1,415$1,002$695$473$318$67
32 years$1,356$948$648$435$288$57
33 years$1,300$897$605$400$260$48
34 years$1,248$851$565$368$236$41
35 years$1,199$807$529$339$214$35
36 years$1,153$766$494$312$194$30
37 years$1,110$727$463$288$175$25
38 years$1,068$691$433$265$159$21
39 years$1,029$657$406$244$144$18
40 years$993$625$381$225$131$16
41 years$958$595$357$208$119$13
42 years$924$567$335$192$108$11
43 years$893$540$314$177$98$10
44 years$863$515$295$164$89$8
45 years$834$491$277$151$81$7
46 years$807$468$260$140$73$6
47 years$780$447$244$129$66$5
48 years$756$427$230$119$60$4
49 years$732$407$216$110$55$4
50 years$709$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $726,000, adding $4,756 every year, while hoping to spend $36,724 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/34/12 Blend
54$726,000$726,000$726,000$726,000
55$804,958$766,480$755,227$845,679
56$847,989$764,963$741,453$872,369
57$894,180$762,142$725,987$897,024
58$943,811$757,912$708,733$923,007
59$997,196$752,166$689,591$950,451
60$1,054,675$744,787$668,458$979,505
61$1,116,624$735,653$645,223$1,010,336
62$1,183,454$724,634$619,772$1,043,127
63$1,255,618$711,593$591,986$1,078,086
64$1,333,613$696,384$561,740$1,115,440
65$1,417,987$678,852$528,903$1,155,443
66$1,509,339$658,834$493,340$1,198,378
67$1,608,332$636,156$454,906$1,244,559
68$1,715,690$610,636$413,454$1,294,334
69$1,832,213$582,080$368,827$1,348,090
70$1,958,779$550,282$320,863$1,406,257
71$2,096,355$515,026$269,393$1,469,312
72$2,246,003$476,083$214,238$1,537,784
73$2,408,895$433,210$155,214$1,612,259
74$2,586,316$386,151$92,127$1,693,388
75$2,779,682$334,635$24,776$1,781,893
76$2,990,554$278,376$0$1,878,573
77$3,220,645$217,071$0$1,990,345
78$3,471,845$150,402$0$2,115,937
79$3,746,232$78,031$0$2,253,290
80$4,046,096$0$0$2,403,639
81$4,373,954$0$0$2,568,497
82$4,732,581$0$0$2,780,827
83$5,125,031$0$0$3,013,250
84$5,554,668$0$0$3,267,767
85$6,025,194$0$0$3,546,580
86$6,540,688$0$0$3,852,115
87$7,105,642$0$0$4,187,044
88$7,725,003$0$0$4,554,310
89$8,404,217$0$0$4,957,152
90$9,149,286$0$0$5,399,141
91$9,966,819$0$0$5,884,208
92$10,864,096$0$0$6,416,684
93$11,849,136$0$0$7,001,339
94$12,930,773$0$0$7,643,429
95$14,118,736$0$0$8,348,743
96$15,423,747$0$0$9,123,658
97$16,857,612$0$0$9,975,200
98$18,433,343$0$0$10,911,108
99$20,165,270$0$0$11,939,909
100$22,069,182$0$0$13,070,999